Teck Resources Stock Forecast, Price & News

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Teck Resources in the last twelve months. There are currently 6 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Teck Resources stock.
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Wall Street analysts have given Teck Resources a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Teck Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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Teck Resources saw a drop in short interest in May. As of May 28th, there was short interest totaling 7,980,000 shares, a drop of 14.5% from the May 13th total of 9,330,000 shares. Based on an average daily volume of 5,640,000 shares, the days-to-cover ratio is currently 1.4 days. Approximately 1.5% of the company's stock are short sold.
View Teck Resources' Short Interest.

Teck Resources is scheduled to release its next quarterly earnings announcement on Thursday, July 22nd 2021.
View our earnings forecast for Teck Resources.

Teck Resources Limited (NYSE:TECK) posted its quarterly earnings results on Wednesday, April, 28th. The basic materials company reported $0.61 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.18. The basic materials company had revenue of $2.55 billion for the quarter, compared to analysts' expectations of $2.65 billion. Teck Resources had a positive trailing twelve-month return on equity of 3.82% and a negative net margin of 2.55%. The business's revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.17 earnings per share.
View Teck Resources' earnings history.

Teck Resources' stock was trading at $8.20 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TECK shares have increased by 188.5% and is now trading at $23.66.
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Teck Resources declared a quarterly dividend on Friday, April 30th. Stockholders of record on Tuesday, June 15th will be given a dividend of $0.0404 per share on Wednesday, June 30th. This represents a $0.16 annualized dividend and a yield of 0.68%. The ex-dividend date is Monday, June 14th. This is an increase from Teck Resources's previous quarterly dividend of $0.04.
View Teck Resources' dividend history.

Teck Resources pays an annual dividend of $0.11 per share and currently has a dividend yield of 0.48%. Teck Resources does not yet have a strong track record of dividend growth. The dividend payout ratio of Teck Resources is 14.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Teck Resources will have a dividend payout ratio of 4.47% next year. This indicates that Teck Resources will be able to sustain or increase its dividend.
View Teck Resources' dividend history.

17 Wall Street analysts have issued 12 month target prices for Teck Resources' shares. Their forecasts range from $14.00 to $35.00. On average, they anticipate Teck Resources' share price to reach $27.33 in the next twelve months. This suggests a possible upside of 15.5% from the stock's current price.
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Some companies that are related to Teck Resources include Vulcan Materials (VMC), Martin Marietta Materials (MLM), MDU Resources Group (MDU), Hecla Mining (HL), Summit Materials (SUM), Lynas Rare Earths (LYSDY), Compass Minerals International (CMP), Piedmont Lithium (PLL), Energy Fuels (UUUU), U.S. Silica (SLCA), United States Lime & Minerals (USLM), Intrepid Potash (IPI), Centrus Energy (LEU), Galiano Gold (GAU) and Ciner Resources (CINR).
View all of TECK's competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Teck Resources investors own include Teck Resources (TECK.B), Bank of America (BAC), Intelsat (I), Freeport-McMoRan (FCX), Micron Technology (MU), AMC Entertainment (AMC), Fossil Group (FOSL), Ciena (CIEN), Associated British Foods (ABF) and Chaarat Gold (CGH).

Teck Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "TECK."

Teck Resources' stock is owned by many different institutional and retail investors. Top institutional investors include Letko Brosseau & Associates Inc. (1.92%), Arrowstreet Capital Limited Partnership (1.79%), Janus Henderson Group PLC (1.59%), Contrarius Investment Management Ltd (1.51%), Iridian Asset Management LLC CT (1.45%) and Price T Rowe Associates Inc. MD (1.19%).

TECK stock was sold by a variety of institutional investors in the last quarter, including Letko Brosseau & Associates Inc., Arrowstreet Capital Limited Partnership, Great West Life Assurance Co. Can, Key Group Holdings Cayman LTD., Greenlight Capital Inc., Scheer Rowlett & Associates Investment Management Ltd., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, and BNP Paribas Arbitrage SA.

TECK stock was bought by a variety of institutional investors in the last quarter, including Iridian Asset Management LLC CT, ANTIPODES PARTNERS Ltd, Price T Rowe Associates Inc. MD, Laurion Capital Management LP, Duquesne Family Office LLC, Allianz Asset Management GmbH, New York State Common Retirement Fund, and Mirae Asset Global Investments Co. Ltd..

Shares of TECK can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TECK stock can currently be purchased for approximately $23.66.

Teck Resources has a market capitalization of $12.40 billion and generates $6.68 billion in revenue each year. The basic materials company earns $-644,980,000.00 in net income (profit) each year or $0.78 on an earnings per share basis.

Teck Resources employs 10,000 workers across the globe.

Teck Resources was founded in 1906.

The official website for Teck Resources is www.teck.com.

Teck Resources is headquartered at 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3.

Teck Resources' mailing address is 550 BURRARD ST SUITE 3300 BENTALL 5, VANCOUVER A1, V6C 0B3. The basic materials company can be reached via phone at 604-699-4000 or via email at [email protected]